Re:Taxpayers paying billions for the renovations and constru...
by throw0101c on Sunday December 25, 2022 @07:35AM
(#34126698)
> It tends to incentivize the wrong behavior (excessive housing size/mortgages and being a regressive tax that favors the wealthier propertied classes).
In Canada mortgage interest is not tax deductible. What's done here is that, for your primary residence, any rise in value (capital gains) is not taxed when you sell it.
The US and Canada have roughly the same home ownership rates.
In Canada mortgage interest is not tax deductible. What's done here is that, for your primary residence, any rise in value (capital gains) is not taxed when you sell it.
The US and Canada have roughly the same home ownership rates.